Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by $2 billionThe SEC asserts that BUSD, a U.S. dollar-backed stablecoin,
Read More